HomeTop Global NewsAsian Stocks Rebound From Losing Streak as Bonds Hit Record High

Asian Stocks Rebound From Losing Streak as Bonds Hit Record High

Stock markets in Asia rose on Tuesday to bring an end to an eight-day losing streak. This recovery was spurred by recovering Chinese shares. Benchmark 10-year Treasury yields climbed 2.5 basis points to hit 4.366%; the highest level since 2007. This 16-year peak marks a 40 basis point rise from the start of August.

MSCI’s broad index of Asia-Pacific shares outside Japan advanced 0.9% during the course of the day, with Hong Kong’s Hang Seng index gaining 1.3% as Chinese shares embark on the road to recovery. Japan’s Nikkei Index rose 0.9%. European stock futures gained 0.6% while futures on London’s FTSE edged 0.3% higher.

The Chinese yuan stabilized around 7.2845 to the dollar, with the yen rising 0.2% against the dollar to 145.95 following a meeting between the Bank of Japan chief Kazuo Ueda and the Prime Minister.

Delta CEO Ed Bastian Predicts Further Rise for the Company’s Stock

The majority of the airlines around the United States have been recently going through a period of struggles. One notable exception is Delta Air...

Shares of Palantir Technologies Plunge After a Downgrade From Monness, Crespi, and Hardt

Data-analytics software company Palantir Technologies saw its stock enjoy an admirable run since 2023 amid the ongoing artificial intelligence frenzy. However, it appears that...

Spotify Launches a New Subscription Plan for Users in the U.S.

The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes...